In again, TNA 36.50

That's it.

S&P broke below 1040..

I think the news that made dow plunge is this. Consumers are turning into savers. With consumption expected to be down in the future, so will future EPS.

"A record-low percentage of consumers cited income gains in the month and for the first time in sixty years, the majority of families expected their incomes to remain unchanged or decline during the year ahead.

As a result, consumers now put debt reduction and increased savings at the top of their agendas rather than the quick resumption of spending plans, said Richard Curtin, the director of the Reuters/UMich survey.
"

zaman, how fast is your j2trade execution?

so -2.51% is the october myth?

I don't dare go in now.
luckily thrown my MGM and CIT.
MGM 9.27 (I sold at 10.01)
CIT 0.64 (I sold at 0.76)

but I am quite surprise with LVS and MGM. Both shares still survive despite global dip. perhaps casino business will never have problem.

I did make a mistake of getting CIT without reading enough news. But rectify soon enough. Thanks zaman.

Belows are the stock list I am interested:

MGM
URE
UYG
C (But I think its support level has yet to be determined in the coming weeks)

For my KNM, I know it will tank next monday.... but i don't small only..

epalbee3:
I hope are you aware how URE and UYG work.

They are not your typical stocks or ETF fund.  They're 2x ETF.
Anything 2x or 3x is very volatile.  Be aware of the risk when you trade them. 

The Weekly Report For November 2nd - November 6th, 2009

Commentary: Volatility shot through the roof this week, as measured by the iPath S&P 500 VIX Short-Term Futures ETN (NYSE:VXX), which tracks the CBOE S&P Volatility Index. This index measures investor sentiment based on implied volatility for the S&P 500 and is commonly used as a "fear" index. With VXX surging over 10% this week, it shows fear flooding back into the marketplace. In response, market indexes suffered a string of losses this week, shedding most of their recent gains.

Bottom LineWhile all has not been lost for the major indexes, this week's price action should not be ignored. There have been signals of weakness for several weeks now, and it appears that at least one market has broken down already. With the breakdown coming in a group that should be leading the way, caution is warranted at this point. The last three days in the markets have been very wide in range, and volatile too. This makes for an emotional environment, and it is often best to step aside at times like this and wait for a lower risk environment. The markets are quickly becoming oversold and approaching what should be strong support levels, so it may be that a snapback is soon to come. The key will be how the markets react to the next bounce, and whether that bounce will be used as a launching point for another down draft. The October lows remain the line in the sand for now, and will be pivotal in the coming week.